The Travelers Companies, Inc. (NYSE:TRV) Vice Chairman William H. Heyman sold 14,000 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $125.79, for a total value of $1,761,060.00. Following the transaction, the insider now owns 253,744 shares of the company’s stock, valued at $31,918,457.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of The Travelers Companies, Inc. (TRV) opened at 125.88 on Friday. The company has a market capitalization of $34.74 billion, a P/E ratio of 12.54 and a beta of 1.21. The company has a 50-day moving average price of $126.65 and a 200 day moving average price of $122.27. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $129.60.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post $8.94 EPS for the current year.
The Travelers Companies announced that its Board of Directors has approved a share repurchase program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.29%. The Travelers Companies’s dividend payout ratio is currently 28.77%.
TRV has been the subject of several research analyst reports. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Monday, April 24th. Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $120.62 to $129.44 in a research note on Monday, June 19th. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a research note on Tuesday, June 27th. Citigroup Inc. lifted their target price on The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Finally, BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The Travelers Companies presently has an average rating of “Hold” and an average price target of $123.79.
Several hedge funds have recently modified their holdings of the company. Rosenbaum Jay D. boosted its position in The Travelers Companies by 12.0% in the first quarter. Rosenbaum Jay D. now owns 5,025 shares of the insurance provider’s stock valued at $605,000 after buying an additional 540 shares during the period. Cohen Lawrence B boosted its position in The Travelers Companies by 26.1% in the first quarter. Cohen Lawrence B now owns 4,540 shares of the insurance provider’s stock valued at $547,000 after buying an additional 940 shares during the period. McQueen Ball & Associates Inc. boosted its position in The Travelers Companies by 2.7% in the first quarter. McQueen Ball & Associates Inc. now owns 17,948 shares of the insurance provider’s stock valued at $2,163,000 after buying an additional 466 shares during the period. Searle & CO. boosted its position in The Travelers Companies by 7.3% in the fourth quarter. Searle & CO. now owns 2,941 shares of the insurance provider’s stock valued at $360,000 after buying an additional 200 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in The Travelers Companies during the fourth quarter valued at about $1,126,000. 77.87% of the stock is currently owned by hedge funds and other institutional investors.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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